GSX Techedu Inc. (GSX) Misses Q3 EPS by 26c
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GSX Announces Third Quarter 2020 Unaudited Financial Results
November 20, 2020 12:00 AM ESTBEIJING, Nov. 20, 2020 /PRNewswire/ --Â GSX Techedu Inc. (NYSE: GSX) ("GSX" or the "Company"), a leading online K-12 large-class after-school tutoring service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2020.
Third Quarter 2020 Highlights[1]
Net revenues was RMB1,965.8 million, a 252.9% year-over-year increase.- Net revenues of online K-12 courses increased 282.7% year-over-year to RMB1,757.2 million. Gross billings[2] was RMB2,086.2 million, a 137.1% year-over-year increase.- Gross billings of online K-12 courses increased 140.8% year-over-year to RMB1,793.5 million. Paid course... More